Published: 2025-08-04T02:51:35.000Z
Chart USD/KRW Update: Extending rejection from 1406.00 high
Technical Analyst
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Under pressure following rejection from the 1406.00 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1412.00 | ** | Apr low | S1 | 1380.00 | * | congestion | |
| R3 | 1406.00 | ** | 1 Aug high | S2 | 1365.00 | ** | 24 Jul low | |
| R2 | 1400.00 | * | Apr 2024 high | S3 | 1360.00 | * | 26 May low | |
| R1 | 1395.00 | * | Jun 2024 high | S4 | 1348.00 | ** | 30 Jun YTD low |
Asterisk denotes strength of level
02:45 GMT - Under pressure following rejection from the 1406.00 high last Friday through support at the 1400.00 and 1395.00 area. Daily studies are unwinding overbought readings and threaten break of the 1380.00 support. Below this will open up the strong support at 1365.00/1360.00 to retest. Break of these will return focus to the 1351.00/1348.00, June lows. Meanwhile, resistance at the 1395.00/1400.00 area now expected to cap and sustain rejection from the 1406.00 high.